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CGST

Centre to release another Rs 35,000 cr compensation to states soon

Centre to release another Rs 35,000 cr compensation to states soon

Mon, Feb 10, 2020

The Centre will soon release another Rs 35,000 crore to states to compensate for the revenue loss on account of GST rollout, an official said. Under the Goods and Services Tax (GST) law, states are guaranteed compensation for revenue loss for 5 years if their revenue does not increase 14 per cent on the base year of 2015-16

GST crackdown: This company sealed for tax evasion; invoices not in order

GST crackdown: This company sealed for tax evasion; invoices not in order

Mon, Dec 24, 2018

The inspection team sealed the company as no proper invoices have been issued till date, the officials said.

GST evasion of Rs 509 crore in Mumbai, over Rs 308 crore seized

GST evasion of Rs 509 crore in Mumbai, over Rs 308 crore seized

Tue, Apr 10, 2018

The Mumbai Central Goods and Service Tax (CGST) has detected tax evasion amounting to Rs 509 crore and have recovered Rs 381.57 crore from non-filers of tax since the implementation of CGST in the country.

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Resolution to dual control issue not far off, says FM Arun Jaitley

Resolution to dual control issue not far off, says FM Arun Jaitley

Sun, Dec 25, 2016

Union Finance Minsiter Arun Jaitley on Saturday said that the Goods and Services Tax (GST) Council has made "significant progress" on the provisions relating to the indirect tax regime and resolution of the "one difficult issue" of dual control or cross empowerment that deals with assessee jurisd

GST Council makes headway on bills, stuck on taxpayer control

GST Council makes headway on bills, stuck on taxpayer control

Sat, Dec 24, 2016

The all-powerful GST Council on Friday made a 'reasonable headway' on supporting legislations for the new indirect tax regime but its rollout from April 1 looked virtually impossible as it postponed discussion on the critical issue of administration and control of tax payers.

GST Council finalises compensation rules; next meet on Jan 3

GST Council finalises compensation rules; next meet on Jan 3

Fri, Dec 23, 2016

The two-day long Goods and Service Tax (GST) Council meeting, which was chaired by Finance Minister Arun Jaitley ended today. Along with Jaitley, state ministers were also present as members in this seventh meet.

GST Council meet ends for today; CGST clauses finalised: Sources

GST Council meet ends for today; CGST clauses finalised: Sources

Thu, Dec 22, 2016

As many as 20 chapters of the model GST law cleared in its last meeting earlier this month.

GST Council to consider model laws tomorrow

GST Council to consider model laws tomorrow

Wed, Dec 21, 2016

This will be the seventh meeting of the Council, which is headed by Union Finance Minister Arun Jaitley and has state ministers as members.

GST rollout may be pushed to July, industry needs time: Experts

GST rollout may be pushed to July, industry needs time: Experts

Sun, Dec 18, 2016

With "turf issue" over tax payer jurisdiction continuing to clog GST Council deliberations, the Goods and Services Tax (GST) rollout could be delayed by a quarter to July 1 as industry would require time to prepare itself, experts said.

No consensus at GST Council, next meet on December 11 & 12

No consensus at GST Council, next meet on December 11 & 12

Sun, Dec 04, 2016

For the third time in one month, the GST Council on Saturday failed to break deadlock over control of assessees under the new indirect tax regime, an issue that has been holding up supporting bills essential for the goods and services tax (GST) rollout from April 1 next year.

Keeping fingers crossed on breakthrough in GST Council: Arun Jaitley

Keeping fingers crossed on breakthrough in GST Council: Arun Jaitley

Sat, Dec 03, 2016

With the fifth meeting of the Goods and Services Tax (GST) Council remaining inconclusive as the impasse over the issue of assessee jurisdiction continued, Union Finance Minister Arun Jaitley on Saturday said he was keeping his fingers crossed.

Centre releases revised drafts of 3 GST laws, to be placed before Council on Dec 2-3

Centre releases revised drafts of 3 GST laws, to be placed before Council on Dec 2-3

Sat, Nov 26, 2016

The revised drafts of three Goods and Services Tax (GST) laws have been released after incorporating suggestions from stakeholders, the government said on Saturday. These will now be placed before the Goods and Services Tax (GST) Council in its next meeting on December 2 and 3.

GST Council to discuss tax rates, dual control today

GST Council to discuss tax rates, dual control today

Thu, Nov 03, 2016

With barely a fortnight left for Parliament's Winter Session, the GST Council will begin its crucial two-day meeting on Thursday to decide on tax rate including the levy of cess and sort out the vexed issue of jurisdiction over assessees.

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